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Retailers
Movie Gallery files second bankruptcy in two years
February 4, 2010
Bloomberg NewsThe second-largest company in the movie-rental business behind Blockbuster Inc. is immediately closing 760 locations. The
chain operates 14 stores in central Indiana,
according to its Web site.
MoreHHGregg's profit, sales rise
February 4, 2010
HHGregg's profit and revenue both increased in its fiscal third quarter, despite a slight dip in same-store
sales. The opening of 19 stores helped offset the decrease.
MoreIndependent bookstore in Carmel ends seven-year run
January 30, 2010
IBJ StaffThe Mystery Co. in the Arts & Design District plans to host a farewell party Jan. 30, and close for good a few
days later.
MoreSteak n Shake posts profit, plans new corporate name
January 29, 2010
Associated PressSteak n Shake Co. said Friday it posted a fourth-quarter profit, and said it is planning to change its corporate name to Biglari
Holdings Inc.
MorePanel OKs bill to provide pet buyers with info
January 27, 2010
Associated PressThe bill would require pet stores to put information about the dog or cat on its cage in the store, including the animal's
medical history, the name of the breeder and any congenital disorders.
MoreRising credit card fees eroding retailers' profits
January 23, 2010
Peter SchnitzlerBusinesses say the money they must pay to provide customers the convenience to use plastic adds up. For example, Ricker Oil
Co. paid a whopping $3.9 million in 2009, according President Jay Ricker.
MoreFinish Line forfeits incentive deal
January 20, 2010
Cory SchoutenMall retailer The Finish Line Inc. has agreed to forfeit a potentially lucrative tax-abatement deal because it won't be able
to meet a 2008 promise to create almost 200 jobs and invest $24 million at its Indianapolis headquarters.
MoreShoppers World taking former Target space on U.S. 31 South
January 16, 2010
IBJ StaffThe New York-based department store has one other location in Indianapolis, in Lafayette Square Mall. That store opened in
2008.
MoreHHGregg shares fall after analyst downgrade
January 13, 2010
IBJ Staff and Associated PressCustomers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company's stock.
MoreKittle's Furniture shuffles executives, names new CEO
January 12, 2010
Jim Kittle Jr., the company's owner and chairman of the board, will be less involved in daily operations, giving two executives
more responsibility.
MoreCash-flush Finish Line likely to open new stores
December 23, 2009
Scott OlsonWith an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
MoreSteak n Shake plans 20-1 reverse stock split
December 15, 2009
Cory SchoutenThe Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
MoreStout's Shoes still in step after 123 years
December 12, 2009
Brock BenefielAfter more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
MoreAlcohol distributor fights decision allowing big competitor into Indiana
November 28, 2009
J.K. WallNational Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission
ruled Nov. 5 that Southern Wine
& Spirits of America Inc. could distribute here.
MorePatachou owner's pizzeria receives variance approval
November 24, 2009
Scott OlsonCafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th
and Pennsylvania streets.
MoreAirport retailers want relief from street pricing policy
November 21, 2009
Chris O'MalleyAirport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease
a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside
the airport.
MoreBoot, apparel sales boost Shoe Carnival profit
November 20, 2009
Shoe Carnival Inc.'s quarterly same-store sales, which measure revenue from locations open at least a year, climbed 10.2 percent.
MoreRetailers surprisingly upbeat as they head into holidays
November 14, 2009
Greg AndrewsThose in the trenches say this won't be a blockbuster Christmas, but it won’t be horrid, either.
MoreFormer Smith-Holden Music employees open new Bloomington store
November 7, 2009
IBJ StaffTwo key employees of the recently closed store in downtown Bloomington have opened their own venture,
Melody Music Shop.
MoreHHGregg's quarterly earnings, sales jump
November 5, 2009
HHGregg reported a rise in quarterly profit and sales Thursday morning that exceeded analyst expectations, despite a decrease
in same-store sales.
MoreHat World acquires 37-store Sports Fan-Attic chain
November 3, 2009
Cory SchoutenLocally based Hat World Inc. has agreed to acquire a popular 37-store athletic retail chain in hopes of doing for collegiate
and professional sports licensed apparel what Hat World did for headwear.
MoreBankruptcies, store closings help Halloween shops scare up space
October 23, 2009
Scott OlsonLike zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are
groaning with activity.
MoreNortheast-side CVS gets nod
October 17, 2009
IBJ StaffThe Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69 over the objection of city planners.
MoreO'Malia's closing northside market after 33 years
October 13, 2009
Cory SchoutenThe O'Malia's Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
MoreKroger ads in Star grab attention, raise eyebrows
October 10, 2009
Anthony SchoettleA new eye-grabbing advertising design in The Indianapolis Star has some wondering where ad content stops and news
content begins.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.